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Innovent Biologics, Inc. (1801.HK)

HKD90.05 +0.95 (+1.07%)
CN HKSE Healthcare Biotechnology
Address 168 Dongping Street 215123
Suzhou, CN
CEO De-Chao Yu
IPO 2018-10-31
ISIN KYG4818G1010

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Also trades on Hong Kong Stock Exchange · 1801.HK (HKD) Other OTC · IVBXF (USD)
Description

Innovent Biologics, Inc., established in 2011 and headquartered in Suzhou, People's Republic of China, functions as a leading biopharmaceutical enterprise. The company is dedicated to the comprehensive lifecycle of antibody drug candidates, encompassing their discovery, development, and eventual manufacturing. Its therapeutic focus spans critical areas such as oncology, ophthalmology, immunology, and metabolic diseases. A key product in its portfolio is Tyvyt (sintilimab), an anti-PD-1 monoclonal antibody utilized in the treatment of various cancers, including Hodgkin's lymphoma and esophageal carcinoma. Innovent's commercialized offerings also include Byvasda, employed for several malignant tumors; Halpryza, which addresses non-Hodgkin's lymphoma, chronic lymphocytic leukemia, and Wegener's granulomatosis; Pemazyre, indicated for adults with locally advanced or metastatic cholangiocarcinoma; Olverembatinib, designed for adult patients facing conditions related to tyrosine kinase inhibitors; and Cyramza, approved for four distinct cancer types. The company's robust pipeline features a range of investigational therapies, such as IBI-301, a rituximab biosimilar for non-Hodgkin's lymphoma; IBI-302, a bispecific antibody fusion protein aimed at ocular fundus disease; IBI-306, a human monoclonal antibody targeting hypercholesterolemia; and IBI-310, a recombinant human anti-CTLA-4 monoclonal antibody for liver and renal cell carcinoma. Further developmental assets include IBI-188, an anti-CD47 monoclonal antibody for advanced hematological and solid tumors; IBI-326, a fully human BCMA-CAR T-cell therapy for adults with relapsed or refractory multiple myeloma; IBI-376 for recurrent or refractory follicular lymphoma; and IBI-112 for psoriasis. Beyond drug creation, Innovent Biologics is also involved in distributing pharmaceutical products and provides expert consultation along with research and development services. The company maintains key strategic alliances with various partners, including NeoCura Bio-Medical Technology Co. Ltd., Roche Group, Ascentage Pharma Group International, Eli Lilly and Company, and Bolt Biotherapeutics, Inc.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD90.05 +0.95 (+1.07%)
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Volume Profile
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Liquidity & share structure
Average Volume
13M
Beta
0.20
Float Shares
1.56B
Free Float %
90.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+11.36% +3.80% -7.39% -2.06% -11.42% +9.31% +34.54% +127.42% -11.28% +402.71% +402.71%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
90.05
Ratings Trend (MoM) 90% Bullish
Rating 2026-05 Change
Strong Buy 5 0
Buy 22 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.40
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
1 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
    +38.4% Q4'25: +102.3% (vs Q4'23)
  • EPS growth Biotechnology: +29.7%
    +933.3% Q4'25: +97.9% (vs Q4'23)
  • FCF margin FCF growth · Biotechnology: +16.2%
    +65.8% Q4'25: +133.1% (vs Q4'23)
  • EBIT margin Biotechnology: +0.0%
    +5.6% Q4'25: -0.1% (vs Q4'23)
  • ROIC Biotechnology: -16.1%
    +18.1% Q4'25: -0.5% (vs Q4'23)
  • Share dilution Biotechnology: -3.4%
    +7.0% Q4'25: +12.9% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    2.15× Q4'25: 1.69× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.24) × ERP
WACC = 98% × Ke + 2% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 90.05
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
30 Rev. Ana.
20 EPS Ana.
Dec 2027
29 Rev. Ana.
19 EPS Ana.
Dec 2028
22 Rev. Ana.
17 EPS Ana.
Dec 2029
15 Rev. Ana.
13 EPS Ana.
Dec 2030
11 Rev. Ana.
7 EPS Ana.
Revenue
9.48M
est: 12.07M (-21.5%)
1.05B
est: 973.95M (+7.6%)
3.84B
est: 3.82B (+0.5%)
4.27B
est: 5.00B (-14.6%)
4.56B
est: 5.26B (-13.4%)
6.21B
est: 6.94B (-10.5%)
9.42B
est: 8.27B (+14.0%)
13.04B
est: 12.99B (+0.4%)
19.13B
15.61B – 28.46B
+47.3% YoY
22.92B
18.64B – 27.25B
+19.8% YoY
27.09B
22.06B – 35.89B
+18.2% YoY
34.26B
27.91B – 45.39B
+26.5% YoY
39.07B
31.82B – 51.76B
+14.0% YoY
EBITDA
-5.74B
est: -3.09M (-185,545.9%)
-1.57B
est: -249.49M (-530.9%)
-704.74M
est: -979.66M (+28.1%)
-2.37B
est: -1.28B (-85.4%)
-1.75B
est: -1.35B (-29.8%)
-660.68M
est: -1.38B (+52.2%)
-480.28M
est: -1.65B (+70.9%)
1.31B
est: -2.59B (+150.6%)
-3.81B
-5.68B – -3.11B
-47.3% YoY
-4.57B
-5.43B – -3.72B
-19.8% YoY
-5.40B
-7.16B – -4.40B
-18.2% YoY
-6.83B
-9.05B – -5.56B
-26.5% YoY
-7.79B
-10.32B – -6.35B
-14.0% YoY
EBIT
-5.80B
est: -3.65M (-158,868.5%)
-1.66B
est: -294.62M (-463.6%)
-790.36M
est: -1.16B (+31.7%)
-2.58B
est: -1.51B (-70.6%)
-2.07B
est: -1.59B (-30.0%)
-1.05B
est: -1.73B (+39.7%)
-755.87M
est: -2.07B (+63.4%)
733.62M
est: -3.25B (+122.6%)
-4.78B
-7.12B – -3.91B
-47.3% YoY
-5.73B
-6.82B – -4.66B
-19.8% YoY
-6.78B
-8.98B – -5.52B
-18.2% YoY
-8.57B
-11.35B – -6.98B
-26.5% YoY
-9.77B
-12.95B – -7.96B
-14.0% YoY
Net Income
-5.77B
est: -1.76B (-228.2%)
-1.72B
est: -1.87B (+8.1%)
-998.42M
est: -749.87M (-33.1%)
-2.73B
est: -2.09B (-30.3%)
-2.18B
est: -3.52B (+38.1%)
-1.03B
est: -1.19B (+13.8%)
-94.63M
est: -856.16M (+88.9%)
813.57M
est: 730.74M (+11.3%)
2.40B
688.48M – 5.80B
+228.7% YoY
3.19B
1.23B – 7.20B
+32.9% YoY
4.31B
2.75B – 8.42B
+35.1% YoY
7.85B
5.96B – 11.16B
+81.9% YoY
9.78B
7.42B – 13.91B
+24.6% YoY
SGA
413.51M
est: 7.77M (+5,218.7%)
1.45B
est: 627.36M (+130.7%)
1.78B
est: 2.46B (-27.8%)
3.61B
est: 3.22B (+12.2%)
3.43B
est: 3.39B (+1.1%)
3.85B
est: 4.53B (-15.0%)
5.08B
est: 5.40B (-5.9%)
6.64B
est: 8.49B (-21.8%)
12.50B
10.20B – 18.60B
+47.3% YoY
14.98B
12.18B – 17.81B
+19.8% YoY
17.70B
14.42B – 23.45B
+18.2% YoY
22.39B
18.24B – 29.66B
+26.5% YoY
25.53B
20.80B – 33.82B
+14.0% YoY
EPS
-17.24
est: -1.08 (-1,495.6%)
-1.51
est: -1.15 (-31.3%)
-0.74
est: -0.46 (-60.6%)
-1.88
est: -1.29 (-46.1%)
-1.46
est: -1.73 (+15.8%)
-0.66
est: -0.74 (+11.2%)
-0.06
est: -0.45 (+87.1%)
0.48
est: 0.63 (-23.8%)
1.43
0.40 – 3.33
+126.5% YoY
2.29
0.71 – 4.13
+60.5% YoY
3.11
1.58 – 4.84
+36.0% YoY
4.51
3.42 – 6.41
+44.9% YoY
5.62
4.26 – 7.99
+24.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C+ 2/5 1/5 3/5 4/5 3/5 1/5 1/5
2026-05-28 C+ 2/5 1/5 3/5 4/5 3/5 1/5 1/5
2026-05-27 C+ 2/5 1/5 3/5 4/5 3/5 1/5 1/5
2026-05-26 C+ 2/5 1/5 3/5 4/5 3/5 1/5 1/5
2026-05-22 C+ 2/5 1/5 3/5 4/5 3/5 1/5 1/5
2026-05-21 C+ 2/5 1/5 3/5 4/5 3/5 1/5 1/5
2026-05-20 C+ 2/5 1/5 3/5 4/5 3/5 1/5 1/5
2026-05-19 C+ 2/5 1/5 3/5 4/5 2/5 1/5 1/5
2026-05-18 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-15 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-14 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-13 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-12 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-11 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-08 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-07 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-06 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-05 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-04 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-04-30 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-29 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-28 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-27 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-24 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-23 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-22 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-21 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-20 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-17 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-16 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-15 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-14 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
17.83B
OE per share TTM
10.26
Owner's Yield
12.49%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
63.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
129.6K
Shares Outstanding
1.73B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
De-Chao Yu Co-Founder, Chairman & Chief Executive Officer 49M
Hao Xi Ede Executive Director & Fund Managing Partner 8M male
Qian Zhang Chief Commercial Officer, General Manager & Executive Director 5M female
Hui Zhou Chief R&D Officer for Oncology
Kaisong Zhou Chief Operating Officer
Min Liu Chief Commercial Officer male
Raj Dhodda Senior Vice President
Samuel Suhua Zhang Global Chief Business Officer
Blake Salisbury Senior Vice President male
Zhengwei Song Director of IR & Financial Strategy female
Cong Ding General Counsel female
Fei You Chief Financial Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits